Business, 13.08.2020 20:01, Pmedellin27

On March 1, Lincoln sold merchandise on account to Windsor Company for $29,200, terms 1/10, net 45. On March 6, Windsor returns merchandise with a sales price of $2,700. On March 11, Lincoln receives payment from Windsor for the balance due. Prepare journal entries to record the March transactions on Lincoln’s books.

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On March 1, Lincoln sold merchandise on account to Windsor Company for $29,200, terms 1/10, net 45....